ADNOC, Santos to pursue global CCS Platform to accelerate net zero goals

ADNOC, Santos to pursue global CCS Platform to accelerate net zero goals

ABU DHABI: ADNOC and Santos today announced the signing of a strategic collaboration agreement (SCA) that outlines a pathway towards the potential development of a joint global carbon management platform that could support the decarbonisation journey of customers throughout Asia-Pacific.

Additionally, the SCA provides companies with the opportunity to work together to advance critical carbon capture and storage (CCS) technologies necessary to accelerate the decarbonisation of industry worldwide.

The parties will also explore the development of a carbon dioxide (CO2) shipping and transportation infrastructure network to enable heavy-emitting sectors capture, ship and permanently store CO2.

Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at ADNOC, said, “ADNOC continues to build on its pioneering role in safely capturing and permanently storing carbon dioxide as we accelerate toward net zero by 2045 and target CCS capacity of 10 million tonnes per annum (mmtpa) by 2030.

Through this partnership, ADNOC and Santos will work together, aiming to scale up the carbon management technologies of the future while leveraging our combined expertise and experience in safely transporting, capturing and storing carbon to help markets in the Asia-Pacific decarbonise.”

ADNOC currently operates the Al Reyadah facility, which has the capacity to